Is a convertible bond call really bad news?

The article tests and rejects the hypothesis that managers call in-the-money convertibles when they view a decline in the value of the firm as likely. Inconsistent with this view, it finds that insiders generally buy equity before conversion-forcing calls. Also, analysts tend to raise their earnings...

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Bibliographic Details
Main Authors: EDERINGTON, Louis H., GOH, Jeremy C.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2001
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2203
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3202/viewcontent/Convertible_Bond_Call_Really_Bad_News.pdf
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Institution: Singapore Management University
Language: English

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